Private Credit by Deposit Money Banks to GDP for Saint Vincent and the Grenadines
DDDI01VCA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.17
Year-over-Year Change
-4.91%
Date Range
1/1/1975 - 1/1/2021
Summary
This economic trend measures the value of private credit extended by deposit money banks as a percentage of GDP in Saint Vincent and the Grenadines. It provides insights into the financial development and intermediation within the country's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The private credit to GDP ratio is a key indicator of financial depth and the role of the banking sector in channeling funds to the private sector. Higher values suggest a more developed financial system that is effectively mobilizing savings and allocating credit.
Methodology
The data is collected by the World Bank from national sources and administrative records.
Historical Context
This metric is widely used by policymakers, researchers, and analysts to assess financial inclusion and the efficiency of financial intermediation in an economy.
Key Facts
- Private credit to GDP ratio in Saint Vincent and the Grenadines was 58.7% in 2020.
- The ratio has declined from a peak of 65.7% in 2008 during the global financial crisis.
- Saint Vincent and the Grenadines' ratio is lower than the Latin America and Caribbean regional average of 63.5%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of private credit extended by deposit money banks as a percentage of GDP in Saint Vincent and the Grenadines.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial development and the efficiency of credit allocation in the economy, which is important for policymakers and researchers.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national sources and administrative records.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, researchers, and analysts to assess financial inclusion and the efficiency of financial intermediation in the economy.
Q: Are there update delays or limitations?
A: The data may have update delays due to the time required for national statistical agencies to compile and report the information.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Saint Vincent and the Grenadines (DDDI01VCA156NWDB), retrieved from FRED.